EURCHF Analysis – December 12 EURCHF begins an upward correction as the market becomes oversold, according to the indication of the Stochastic Oscillator. The market is clearly characterized by a systematic pattern as prices keep experiencing BOS (Break Of Structures) to the downside. The market is currently heading into the premium zone, after which another […]
AUDJPY Analysis – December 12 AUDJPY resumes its bullish trend as the price returns from the discount zone. The market’s order flow is clearly bullish as prices move fractally from the discount zone to the premium zone and vice versa. The resumption of the uptrend follows the price’s recent retraction at the rejection block. […]
Key Resistance Levels: 160.00, 162.00, 164.00Key Support Levels: 150.00, 148.00, 146.00 EUR/JPY Price Long-term Trend: BearishThe EUR/JPY currency pair has recovered from its December 7 low of 153.16 but stays within ranges . According to the price indicator, the Yen is predicted to fall to the low of the 2.618 Fibonacci extension, or level 156.07. […]
In a rollercoaster ride, the U.S. dollar faced turbulence on Tuesday following the publication of November’s consumer price inflation data. The U.S. Bureau of Labor Statistics reported a headline inflation rate of 3.1% year-on-year, marking a five-month low. Meanwhile, the core inflation rate held steady at 4%, aligning with market expectations. Despite the annual dip, […]
NZDUSD Analysis – December 12 NZDUSD shows signs of decline as the price expands further into the overbought region, according to the RSI (Relative Strength Index). However, the indication of the Moving Averages, still shows that the market’s overall trend is bullish. Following the emergence of the impending decline, NZDUSD is likely to resume […]
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Sponge might keep buying SPONGEUSDT Price Analysis – 12 December Sponge may be able to break over the $0.000403 resistance level if the Bulls maintain their momentum, and launch an attack toward the $0.000502 and $0.000604 levels. Key Levels: Resistance levels: $0.000403, $0.000502, $0.000604 Support levels: $0.000330, $0.000262, $0.000196 SPONGEUSDT Medium-term Trend: Bullish SPONGEUSDT is […]
Market Analysis – December 11 GBPUSD sellers may grow in intensity. The sellers in the GBPUSD market are gaining strong momentum against the bulls. The bears have successfully pushed the price below the significant level of 1.26120. However, the buyers are not showing signs of giving up either. Nevertheless, indicators on the daily chart suggest […]
Market Analysis- December 11 Nasdaq prepares for another bullish run this week. The buyers in the NAS100 market are showing no signs of weakness and are gearing up for another strong run this week. As the year comes to a close, it appears that the market will end on a bullish note. The buyers have […]
Bearish trend increases in Polygon market Polygon (MATICUSD) Price Analysis – 11 December Before Polygon can overcome the resistance levels of $0.94 and $0.97, it must first overcome the $0.87 barrier. If sellers gain some traction, the market can break through the $0.76 support level and expose itself to the $0.70 and $0.64 levels. Key […]
